Print Email Facebook Twitter Unlocking Innovation: Developing a Decision Making Framework for the Bidding Process of Innovative Projects Title Unlocking Innovation: Developing a Decision Making Framework for the Bidding Process of Innovative Projects Author Mignoli, Giulio (TU Delft Civil Engineering & Geosciences) Contributor Ninan, Johan (mentor) Leijten, M. (graduation committee) Houwing, E.J. (graduation committee) Degree granting institution Delft University of Technology Programme Civil Engineering | Construction Management and Engineering Date 2023-06-10 Abstract This master thesis is focused on developing a comprehensive decision-making framework for the bidding process of innovative projects in the EPC industry. The research explores the current literature on the bidding process, risks, uncertainties, managing risks during the bidding process, and decision-making. It identifies EPC contractors' internal and external challenges and provides insights into overcoming them. The research also assesses the risks associated with EPC contractors and provides recommendations for risk mitigation. One of the significant challenges in deciding whether to fund innovative projects is assessing the innovativeness level of the project. This assessment is crucial because more innovativeness means more unknowns and risks. Additionally, human factors play a significant role in decision-making since risks perception can vary from person to person. Therefore, a decision-making framework that encompasses all the factors involved in the bidding process for innovative projects is necessary. This thesis addresses three research questions: (1) How do you manage risks in the bidding process for innovative projects in the body of knowledge? (2) how are decisions taken during the bidding process by EPC contractors? Furthermore, (3) what are the challenges and opportunities for improving decision-making? Finally, the thesis proposes a new decision-making framework that integrates innovativeness assessment in the decision-making process by considering all the factors around such decisions. Subject Decision making processInnovationBidding Process To reference this document use: http://resolver.tudelft.nl/uuid:71b66fa2-73db-4f25-b948-4a789a90a660 Part of collection Student theses Document type master thesis Rights © 2023 Giulio Mignoli Files PDF 5298970_Unlocking_innovat ... ojects.pdf 2.76 MB Close viewer /islandora/object/uuid:71b66fa2-73db-4f25-b948-4a789a90a660/datastream/OBJ/view